Oklahoma · Population 128,714 · Updated March 2026
How far your income goes in Norman
State-level tax rates that affect your costs
Norman is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 76 (where 100 equals the national median), Norman residents can expect to pay median rent of $1,064/month while earning a median household income of $65,060/year.
The median home value in Norman, OK is $239,300, with typical monthly owner costs around $1,121 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.
Oklahoma has a moderate income tax rate of 4.75%. Combined with a 4.5% sales tax rate and 0.9% effective property tax rate, the overall tax environment is a factor in the total cost of living in Norman.
Common questions about living costs in Norman